Satisficing - Study guides, Class notes & Summaries

Negotiation is.. correct answers - your key communication and influence tool -An interpersonal decision-making process necessary whenever we cannot achieve our objectives single-handedly -not just about resources - it is equally about relationships and trust Key reasons effective negotiation skills are important: correct answers - dynamic nature of business - interdependence - Economic forces - information technology - globalization People are poor at negotiation because of the infl...

NUR 4040 Exam 1 Practice Questions and Answers Acronym for nursing process - Ans:-ADPIE What are traits of an economic man? - Ans:-Makes decision in rational manner Has complete knowledge of situation Has complete list of possible alternatives Has rational system of ordering preferences of alternatives Selects the decision that will maximize utility function What are the traits of an administrative man? - Ans:-Makes decision that are good enough Knowledge is always fragmented Impossibl...

Leadership Exam Questions & Answers 100% Verified by Experts Which objective is associated with creating urgency in Kotter's eight-step model? 1 To create short-term targets 2 To honor the people who helped complete a task 3 To create a culture with continuous improvement Correct4 To generate open dialogue about external and internal realities - The attribute of creating urgency is associated with generating open dialogue about external and internal realities. Short-term targe...

SRA 231 Comprehensive Exam Questions & Answers 2024/2025 false - ANSWERS(true/false) decision theory is multidisciplinary across one academic field true - ANSWERS(true/false) there is no single unifying decision theory and it is difficult to discern between the various forms true - ANSWERS(true/false) rational = normative normative theory - ANSWERSassumes individuals act RATIONALLY in trying to find the best solution to optimize outcome i.e. what we SHOULD do utility - ANSWERSov...

What does it mean to be a rational actor? - Answer-You are able to rank order preferences based on expected utility. -Stable and transative Bounded Rationality (Herbert Simon) - Answer-People dont have the capability to be perfectly rational -repeatable and predictable rather than random -Differs from pure becuase people will try their best and fall short of pure Prospect theory - Answer--Models built on assumptions of rational behavior assumes that actors make decsions based on maximi...

Decision Making correct answers the process by which managers respond to opportunities and threats by analyzing options and making determinations about specific organizational goals and courses of action Programmed Decision Making correct answers Routine, virtually automatic decision making that follows established rules or guidelines Non-programmed Decision Making correct answers nonroutine decision making that occurs in response to unusual, unpredictable opportunities and threats Intu...

Chapter 11 OB Study Guide Test 2024. The process of identifying and choosing alternative solutions that lead to a desired state of affairs is known as: A. Intuition B. Heuristics C. Problem solving D. Decision making E. Brainwriting - ANSWER D. Decision making The _______ model of decision making explains how managers should make decisions. A. Intuition B. Satisficing C. Holistic D. Evidence-based E. Rational - ANSWER E. Rational The stages of rationa...

BMGT 3310 Exam 2 | Questions and Answers (Complete Solutions) Edgar, the production manager at a textile factory, has noticed a decline in the production capacity of the factory. He wants to understand the reason behind this trend and make a decision on how to resolve the issue. In the context of rational decision making, which of the following is the first step that Edgar should ideally take? a. Identifying and defining the problem b. Computing the optimal decision c. Generating alternative c...

Optimizing and satisficing - ANSWER--organizations exist to achieve a goal by either optimizing or satisfying MECE a. Mutually exclusive: b. Collectively exhaustive: - ANSWER-1. Mutually exclusive: Is each issue a separate and distinct issue? 2. Collectively exhaustive: Does every aspect of the problem come under one, and only one, of the issues 3. One reason this is done is to guard against making an early selection of solutions before all the facts are known. Classical management a....

decision making correct answers the process by which managers respond to opportunities and threats by analyzing options and making determinations about specific organizational goals and course of action. The essence of management. programmed decision making correct answers Routine, virtually automatic decision making that follows established rules or guidelines. non programmed decision making correct answers non-routine decision making that occurs in response to unusual, unpredictable oppo...